Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW and S&P 500 are on track to extend record ones. The question is whether buying would finally pick up some momentum. In other markets, Gold and Silver continue to trade in tight range while oil is firm at around 84. Technically, following EUR/AUD's down trend breakout, EUR/GBP also resumed near term decline today. We'd now look at when EUR/CAD would break through 1.4317 temporary low and when EUR/CHF would break 1.0656. Also, we'd see when GBP/USD will break through 1.3833 temporary top, and if selling in Dollar would follow elsewhere. In Europe, at the time of writing, FTSE is up 0.59%. DAX is up 0.95%. CAC is up 0.70%. Germany 10-year yield is down -0.0104 at -0.123. Earlier in Asia, Nikkei rose 1.77%. Hong Kong HSI dropped -0.36%. China Shanghai SSE dropped -0.34%. Japan 10-year JGB yield rose 0.0036 to 0.104. |